EdTech service provider Schoolnet India Ltd has released the findings of its survey ‘Understanding Indian School Education Spends Landscape’ according to which parents in India spend approximately Rs 20,000 in a year on education in government schools. Whereas, at the same time, parents of students in private unaided schools spend more than double, at Rs 47,000 on an average annually. The study was conducted in collaboration with PGA Labs on the overall spending on a child’s schooling and education in India among private and government schools
The survey also revealed that 6% of parents spend between Rs 51,000 to Rs 1,00,000 on education in elite government schools like Kendriya Vidalayas, compared to 28% of parents that spend a similar amount for education in unaided private schools. The data was recorded from 480 parents of students studying in government schools and 437 parents with children in private unaided schools (75% attending “affordable”, “low-cost” or “budget” private schools).